Back to the original question - where would you buy for $150k?
Cant specifically answer that, however I've just bought something at the lower end of the market in Adelaide.
Spent $190k. Property needs a fair bit of cosmetic work (doing myself), but expect it to be valued in the mid $200's when I'm finished.
I agree this is the general direction of times to come.
I've just bought a cosmetic reno job in Parkes NSW. 148k expect mid 200s at revaluation. Expect Parkes to go somewhere eventually but it's a town not a city like Adelaide. Not everyone's cup of tea. Cash flow already over 8%.